[From Train's History, 1845]

APPENDIX.-CHAPTER XXIII:

NOTE VI.-PAGE 876.

INCIDENTAL SKETCH OF THE ISLE OF MAN JOINT STOCK BANK.

A prospectus was issued, early in the year 1836, for the formation of a banking company in Douglas, to consist of 10,000 shares of £5 each. The company consisted of one hundred and forty-six shareholders, and the deed of partnership was dated 2nd of July of the same year. The association was styled the " Isle of Man Joint Stock Banking Company," and was licensed by the governor and council on the 6th of April, 1837. The bank of Messrs. Wulff and Forbes, which had been established in 1826, was merged in the Joint Stock Bank, and a bonus of £2,500 was given for the transfer of their business to the new concern. Mr. Forbes was appointed manager, and Mr. Wulff was made a director. Messrs. Williams, Deacon and Co., bankers, who had been the London agents of Wulff and Forbes, were continued in the same capacity to the Isle of Man Joint Stock Banking Company. This bank was closed in August, 1843.

THE END.